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Pimco to Pay $92 Million to Settle Market Manipulation Lawsuit (news released on 31 Dec hoping it would get buried)

Posted by L Levin on January 4, 2011 at 3:04pm

Pacific Investment Management Co., manager of the world’s biggest bond fund, agreed to pay $92 million to settle a private class-action lawsuit that accused it of manipulating the price of Treasury futures contracts.

 

http://www.bloomberg.com/news/2010-12-30/pimco-to-pay-92-million-to-settle-futures-lawsuit.html

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  • L Levin January 5, 2011 at 10:05am
    they are paying $92 million because they were found guilty of manipulating the bond market so that they could cause losses to those shorting the bond market. This is a big story was hidden by being released on New Years Eve. These zionists know how to manage news.
  • Aadil January 4, 2011 at 3:08pm
    PIMCO??????? guilty
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